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#2229454 - 01/22/20 10:02 PM HUD Counseling Notice -Delinquent Borrowers
Need2know Offline
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Joined: Apr 2014
Posts: 85
Where can I find a sample "combo" SCRA / HUD notice?

Is there a separate template or model form with content requirements for a "combined" SCRA/HUD Counseling Notice to delinquent borrowers whom we know are in the military?

I was able to find the latest SCRA Notice that expires in 2021 and the Regulation provides "content" requirements for the HUD Notice but, wanting to confirm if there is a template for the "combo" document?

If not, are we required to "add" the contents of the HUD Notice to the SCRA Notice?

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2229471 - 01/23/20 01:58 PM Re: HUD Counseling Notice -Delinquent Borrowers Need2know
rlcarey Online
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rlcarey
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Galveston, TX
These are two totally separate notice requirements. I am not aware of any combined model or template. The SCRA Notice is an OMB approved form and the modification of such forms usually are not allowed. I have never specifically researched the SCRA notice.
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#2229476 - 01/23/20 02:38 PM Re: HUD Counseling Notice -Delinquent Borrowers Need2know
Need2know Offline
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Joined: Apr 2014
Posts: 85
Ok, thank you. I am aware that the HUD Counseling Notice for delinquent borrowers and the SCRA are 2 completely different notices, I was just wanting to confirm if there was ever a combined model or template that lenders could use if we "know" the borrower is military.

Thank you so much for confirming!

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#2229480 - 01/23/20 03:11 PM Re: HUD Counseling Notice -Delinquent Borrowers Need2know
rlcarey Online
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rlcarey
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Galveston, TX
How would you know? Every bank I know sends a combined notice to every delinquent borrower. Even if they were not in the military when the loan closed - that status can change at any time and you would never know.
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#2230520 - 02/07/20 06:10 PM Re: HUD Counseling Notice -Delinquent Borrowers Need2know
Andy_Z Offline
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^^^ Absolutely correct. Your delinquent borrower enlists and hopes a signing bonus or regular paycheck will help he and his family keep the house. You've no idea this person reported for duty yesterday.
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